Priceprediction
ICX LongICX has seen a huge increase in buying volume over the last months. This volume looks like the biggest we have seen thusfar. This is the reason why we are opening a long position. The big volume does in our opinion not correspond with yesterday's spike and we will probably see a small correction before the next wave up. Please be advised that this is not financial advice, this is just our vision that we would like to share with you guys!
Targets are stated using the fibonacci retracement.
Exchange: Binance
Entry: 680-720
Target 1: 890 (RR-Ratio: 3.1)
Target 2: 990 (RR-Ratio 4.77)
SL: Below 645
RR-ratio: 3.1
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BTC at critical support Zone. Pump or Dump?Recently Btc dumped and we saw bearish sentiment in market.
In Chart all important level is mentioned.
It is holding between 3350-3370 zone. If we can hold this level for few hours we will start moving to 3500-3550 Level.
And also BTC will have to cross 18d EMA to be bullish. If btc breaks 3500-3550 level again Market will be green and alts will start moving up.
We will have to pick alts in Dip. I will be sharing alts soon on telegram channel.
But if we break down this 3350-3370 level, again it will take us to 3150 level.
Btc will reverse from there and alts will also.
You can also use these levels for bitmex scalping.
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Happy trading.
Can OmiseGo OMGBTC make a recovery of 625% in 2019?Dont forget give like to this chart & share with others, doing so will encourage me share more charts with you.
OmiseGo ( OMGBTC )all i can say right at the bottom and all time low. Its in huge correction since 23rd april 2018 when it did high of 0.002543.
I would recommend to take entry now, atleast 5-10% of your portfolio funds.
TA
RSI 29 extremely oversold.
MACD CORSSOVER
1D chart moving along with 21 EMA.
Huge Accumulation is going on.
Alot also depends on btc movement, and a rally up will be a good reward from here.
BUY AROUND 0.000327-0.00034
TARGETS
(1)0.000380
(2)0.000412
(3)0.000465
(4)0.000503
(5)0.000550 (MOON-SHOT 62%)
STOP-LOSS -5% BELOW ENTRY POINT
DISCLAIMER: For Educational Purpose only, make sure you do full study and analysis before making or doing any type of investment.
XRP EOY Price @ $589!? More Like $0.17! (XRP Down Cycle)Since xrp's all time high, the price has been retracing ever since.
The percentage drop and the timeframe it took to drop is labelled on the chart.
The question is are we still in a bear market or have we reached the bottom?... hmmm
If we ARE still bearish then the previous patterns of the plumit of price in the past should be a good indication of where the price is proceeding to in the future.
Since all time high, xrp price dropped;
-76% over 33 days.
corrects then drops;
-60% over 48 days
corrects then drops;
-78% over 108-140 days - (This time frame is the outlyer)
Mean = -71.3% drop
Standard Deviation = +/- 9.8%
Upper Limit = -61.5%
Lower Limit = -81.1%
Therefore i believe that the price will drop another approx 71.3% (+/-) 9.8% before we see another bullish market turn around...
with all that being said,
i dont really know,
its a strange world,
the world of crypto ,
i could be wrong,
and i have before ,
but i hope for low prices,
so i can buy mor e.
Happy Hodling! :)
Bitcoin BearfightBitcoin is in a bearfight. Taking hits to the sternum.
Watching how perfectly a new lower high has formed, almost perfectly following the trendline since March where we have already put 4 lower highs to rest. The most concerning part though, is that the trendline is getting cut off and starting to form a new and even more aggressive trendline to the downside. The very low end still declining volume is confirming the downtrend.
The price of bitcoin is certainly not parallel with bitcoins value at the moment. The price is far too high, because the infrastructure is far from build. The idea of bitcoin as a fully fuctional system, has in my opinion, a price that is indeed very high and a value that way exceeds it´s price in any given context. Even the news about Bakkt and etf´s as a means to drive institutional investors to the space is overrated. They will simply not put their money into a market with such poor infrastructure. Big investors and institutions evaluate the cryptomarket as buying a brand or a product. They like the idea, just not the product, YET.. And some of them want to dominate the cryptomarket with their own currency. So much speculation.
In my opinion, bitcoin and the cryptomarket as a whole is in for a big correction. Trade with caution and make swing trades at 5000$ levels. Potentially BTC will hit 4000$. At these lower levels a good trade can be made. Have patience and use TA not emotions. Look at the bigger picture.
Hodling as a early investor in BTC is no problem. And hodling, if you bought in december/january, is really your only choice, unless your getting extorted. If you have bought at 5000-6000$ range, hodling might be a bad idea. You might catch a better deal at lower levels.
The idea of a world free from banks and having a more free currency is beautiful. But getting there is still a future story.
Whats your thoughts?
Have a nice day.
Best regards, Mr Project.
EURJPY elliot wave coming to an endThe Elliot wave seems to be coming to an end, now the price is looking to test the support level. If the price successfully breaks this support level then it may be looking to test the previously broken resistance. I think the first one is more likely, but the second is also possible. I think it will bounce after the test of this support level, if the price breaks below this support level it is very likely that we would see an expanding symmetrical triangle start to form. I will keep this idea updated over the coming weeks.
The Game of Charts- Trading update [June 30, 2018]BITFINEX:BTCUSD
"The chart speaks louder than words"
Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time.
Time frame: 15 min
Sentiment: Bearish
Entry ( Short ): $5857
Stop loss: $5960
Target: $5643
Risk/Reward Ratio: 2.08
Any thoughts on technical analysis of BTC are always welcome in Comment Section. If you find this article useful then do consider a like .
Thank you .
Legal Disclaimer:
This is not an investment advice. It is to be used for educational purposes only. This is purely a technical analysis and one should not take it for granted as an investment advice.
The Game of Charts- Bitcoin, not bottomed yet"The chart speaks louder than words"
Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time.
Any thoughts on technical analysis of BTC are always welcome in Comment Section. If you find this article useful then do consider a like .
Thank you.
Legal Disclaimer:
This is not an investment advice. It is to be used for educational purposes only. This is purely a technical analysis and one should not take it for granted as an investment advice.
The Game of Charts- will BTC imitate itself ?BITFINEX:BTCUSD
"The chart speaks louder than words."
Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time.
Any thoughts on technical analysis of BTC are always welcome in Comment Section. If you find this article useful then do consider a like.
Thank you.
Legal Disclaimer:
This is not an investment advice. It is to be used for educational purposes only. This is purely a technical analysis and one should not take it for granted as an investment advice.
The Game of Charts- Play it safeBITFINEX:BTCUSD
"The chart speaks louder than words."
Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time.
Any thoughts on technical analysis of BTC are always welcome in Comment Section. If you find this article useful then do consider a like .
Thank you.
*Legal Disclaimer:
This is not an investment advice. It is to be used for educational purposes only. This is purely a technical analysis and one should not take it for granted as an investment advice.
BTC/USD Price prediction for the upcoming weeksHi Everyone,
It pains me to make this prediction, but as much as I love Bitcoin fundamentally, I believe that we are in a mid-term bear market. Mid-Term being what I think will be around 1 and a half months.
Historical evidence:
This idea was not my own but I saw the argument on Twitter and its something I can get behind.
If we go to the weekly chart and pull up the 7, 50 and 100 MAs, we'll see that the weekly 7 MA is about to cross below the 50 for the first time since mid-2015 and only the second time in history.
This 2015 section of the chart is highlighted with a death cross in the red ellipse, followed by a breakdown of the price until we find strong historical support, represented by the Blue box covering the area above 160$.
From the bottom, we attempt to break against the descending 50 MA but get rejected. That rejection finds support on the original bottom and a double bottom is formed.
Once we find support at 160$ and break the 50 MA, represented by the green ellipse, we head into a bull cycle, which I think will contain some very significant price action.
Current State:
On the 2017/2018 Bitcoin chart, the 7MA is about to cross downward over the 50 and send us into that prolonged bear market.
At the levels indicated by the green buy zone, around 4.6-5k (not drawn exactly) we have the 100 MA rising up for support and a historical level of support from price action this past August.
If Bitcoin falls to there the weekly RSI will likely also be the lowest its been since 2015 and will be a prime spot to buy up some long positions.
Be careful trying to buy the exact bottom. While I expect the price to stabilize around these levels and will be going long myself, we will need some catalyst, likely news of the SEC announcing a Bitcoin ETF, to break the trend, add liquidity to the market and push us into a bull cycle.
I will be averaging down into this area to avoid missing any kind of crazy news.
This is just my analysis, but I hope this helps people out.
Thanks for reading.